Monthly Archives: May 2019

Episode 9 – What to Do If You Lose Your Income

May 29, 2019Finance, Financial, Investing, UncategorizedClient Relationships, Finance, Financial, Invest, Investing, Klauke Investment and Insurance Services, Klauke Team, Mike Klauke, Wealththefinancialheartbeatpodcast

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Losing your job is scary. Not knowing where your next paycheck is coming from is scarier.

In this episode, Mike Klauke explains how he helps his clients prepare for the worst so they are never left wondering how to pay for everyday expenses.

In this episode, you will learn:

The first steps that Mike takes with a client who has lost their income
What short-term adjustments you should make in your expenses while you are looking for new employment
How a lump sum severance package will impact your taxes and how to maneuver that
How to deal with your retirement accounts when you lose your income
And more!

Tune in to hear Mike Klauke’s insight about what to do if you lose your income.

Resources: Klauke Financial and Investment Services

Episode 8 – 7 Things You Should Know Before Starting Your 401(k)

May 15, 2019Finance, Financial, InvestingClient Relationships, Finance, Financial, Invest, Investing, Klauke Investment and Insurance Services, Klauke Team, Mike Klauke, Wealththefinancialheartbeatpodcast

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One of the most popular and well-known retirement plans is the 401(k). However, if you don’t understand how to get started with your 401(k) — or how to make the most of it once you have one — then they can be confusing.

In this episode of Financial Heartbeat Podcast, Mike Klauke shares his insight about the seven things you should know before starting your 401(k).

In this episode, you will learn:

Why you should continually review your plan contributions to help bring your taxable income down
The role of the fiduciary when it comes to the mechanical planning in a retirement plan
How safe harbor plans help both the business owner and the employee
The benefits of profit sharing for both business owner and employee, and how profit sharing works
The importance of being able to explain your retirement plan to employees in a way that they understand
And more!

Tune in and learn how to use your 401(k) to its fullest potential!

Resources: Klauke Investments and Insurance Services

Episode 7 – How to Pick the Best Retirement Plan for Your Business

May 6, 2019Finance, Financial, InvestingClient Relationships, Finance, Financial, Invest, Investing, Klauke Investment and Insurance Services, Klauke Team, Mike Klauke, Wealththefinancialheartbeatpodcast

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Are you thinking about offering your employees a retirement plan?

Mike Klauke is here to help you pick the best retirement plan for your business. In this episode, Mike walks you through questions to ask yourself before committing to a plan and explains which options are available.

In this episode, you will learn:

Why Mike’s expertise as a business owner gives him a unique view on what would be best for his clients
Why the first question to ask yourself is “What can I afford?”
How to understand which plan is right for your business and employees
The difference between various retirement plans and how Mike works with you to get the most out of your plan for the lowest cost
And more!

Tune in to learn about business retirement plans and how to make them work for you!

Resources: Klauke Investments and Insurance Services